South Dakota Insurance Requirements & Rates

South Dakota requires minimum liability coverage of 25/50/25 (bodily injury per person / per accident / property damage). South Dakota is an at-fault state, meaning the driver who caused the accident is responsible for paying damages. Uninsured motorist coverage is required.

South Dakota homeowners face risks from tornadoes, hail storms, severe thunderstorms, flooding. The flood risk level is moderate and earthquake risk is low. Standard deductibles apply. The average annual home insurance premium is $2,918.

South Dakota requires riders under 18 to wear helmets. Lane splitting is not legal. The riding season is may–september.

Yes, workers' compensation insurance is required in South Dakota. Sole proprietors and partners may opt out. South Dakota has approximately 95,000 small businesses, with top industries including Agriculture, Healthcare, Tourism.

Yes, South Dakota has expanded Medicaid. The state uses the federal marketplace at healthcare.gov. The uninsured rate is 9.2%.

Yes, landlords in South Dakota can require tenants to carry renters insurance as a condition of the lease. About 32% of South Dakota residents are renters, with average monthly rent of $800.

With a median household income of $64,017, most South Dakota families should consider 10-12x their annual income in life insurance coverage. Currently, 54% of South Dakota households have life insurance.